Economic And Environmental Risk And Uncertainty

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Economic and Environmental Risk and Uncertainty

Robert Nau,Erik Grønn,Mark J. Machina,Olvar Bergland
Economic and Environmental Risk and Uncertainty Book PDF

Author : Robert Nau,Erik Grønn,Mark J. Machina,Olvar Bergland
Publisher : Springer Science & Business Media
Page : 269 pages
File Size : 49,5 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9789401713603

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Economic and Environmental Risk and Uncertainty by Robert Nau,Erik Grønn,Mark J. Machina,Olvar Bergland Pdf

The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of `non-expected utility' have been devised to explain many puzzles and paradoxes of individual and collective choice behaviour. This volume presents some of the best recent work on the modelling of risk and uncertainty, with applications to problems in environmental policy, public health, economics and finance. Eighteen papers by distinguished economists, management scientists, and statisticians shed new light on phenomena such as the Allais and St. Petersburg paradoxes, the equity premium puzzle, the demand for insurance, the valuation of public health and safety, and environmental goods. Audience: This work will be of interest to economists, management scientists, risk and policy analysts, and others who study risky decision-making in economic and environmental contexts.

The Social Response to Environmental Risk

Daniel W. Bromley,Kathleen Segerson
The Social Response to Environmental Risk Book PDF

Author : Daniel W. Bromley,Kathleen Segerson
Publisher : Springer Science & Business Media
Page : 225 pages
File Size : 48,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401129541

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The Social Response to Environmental Risk by Daniel W. Bromley,Kathleen Segerson Pdf

We have undertaken this volume in the belief that there is now sufficient research completed on environmental risk to justify a retrospective assessment of what is known. Our authors and our intended audience are eclectic indeed. Environ mental risk assessment receives increasing attention in the media today. The populace is practically assaulted with stories, with anecdotes, and with conflicting evidence. It is our hope that these chapters will provide the reader with a comprehensive glimpse of a fast-growing field in public policy. No complete survey of the literature would be possible or meaningful. We offer here instead the integrative thoughts of some of the most respected analysts in the field. We believe that the coverage is coherent, the perspectives are illuminating, and the individual "treatments deserving of careful study. We are grateful to Warren Samuels of Michigan State University who is editor of the Kluwer series on recent economic thought. We are also grateful to our Kluwer editor, Zach Rolnik. Both have been gracious in their toleration of unconscionable delays. IX The Social Response to Environmental Risk Policy Formulation in an Age of Uncertainty 1 ENTITLEMENTS AND PUBLIC POLICY IN ENVIRONMENTAL RISKS Daniel W. Bromley* [all rights] are conditional and derivative ... they are derived from the end or purpose of the society in which they exist. They are conditional on being used to the attainment of that end.

Handbook of the Economics of Risk and Uncertainty

Mark Machina,W. Kip Viscusi
Handbook of the Economics of Risk and Uncertainty Book PDF

Author : Mark Machina,W. Kip Viscusi
Publisher : Newnes
Page : 897 pages
File Size : 42,5 Mb
Release : 2013-11-14
Category : Business & Economics
ISBN : 9780444536860

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Handbook of the Economics of Risk and Uncertainty by Mark Machina,W. Kip Viscusi Pdf

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics

Risk and Uncertainty in Environmental and Natural Resource Economics

Justus Wesseler,Hans-Peter Weikard,Robert D. Weaver
Risk and Uncertainty in Environmental and Natural Resource Economics Book PDF

Author : Justus Wesseler,Hans-Peter Weikard,Robert D. Weaver
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 47,9 Mb
Release : 2003
Category : Environmental economics
ISBN : 1843766094

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Risk and Uncertainty in Environmental and Natural Resource Economics by Justus Wesseler,Hans-Peter Weikard,Robert D. Weaver Pdf

They begin by studying various environmental issues such as climate change and biodiversity conservation to underline the importance of identifying different forms of uncetainty have on economic development and environmental policies, and study the attitudes of different user-groups to these issues. Finally, they examine the natural resource management dilemmas faced by the private sector inclding issues of optimal resource allocation, insurance problems and consumer behaviour.

Sustainability

Graciela Chichilnisky,Geoffrey Heal,A. Vercelli
Sustainability Book PDF

Author : Graciela Chichilnisky,Geoffrey Heal,A. Vercelli
Publisher : Springer Science & Business Media
Page : 342 pages
File Size : 55,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401148924

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Sustainability by Graciela Chichilnisky,Geoffrey Heal,A. Vercelli Pdf

of ecological (also biological) variables b which interact in their dynamic t evolution: det dbt dt = f (et, bt)' dt = 9 (et, bt)· Among the solution paths to this interaction between economic and ecologi cal variables, we look for those which are sustainable. Sustainable paths are typically those along which the values of certain key stocks are always pos itive, these key stocks being important environmental resources. The types of paths on which certain variables can be positive forever include station ary solutions with appropriate positivity conditions, or limit cycles or chaotic attractors satisfying the same positivity conditions. These paths, and the paths which approach them, constitute the set of sustainable paths. From amongst these we have to choose one or more which are in some sense the best. Note that rather than imposing positivity of certain stocks in the long run as a condition for sustainability, we would prefer to derive this as a characteristic of optimal solutions from more fundamental judgements about the valuation of stocks and flows: this is the route pursued by the papers in this volume. The introductory paper by Heal in Section I reviews these matters in gen eral terms, not going into technical details: it discusses the precedents for a concept of sustainability in welfare economics, and reviews alternative opti mality concepts and their connection to sustainability.

The Natural and the Social

Steve Hinchliffe,Kath Woodward
The Natural and the Social Book PDF

Author : Steve Hinchliffe,Kath Woodward
Publisher : Psychology Press
Page : 182 pages
File Size : 44,7 Mb
Release : 2000
Category : Business & Economics
ISBN : 0415222907

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The Natural and the Social by Steve Hinchliffe,Kath Woodward Pdf

This fascinating new book draws on insights from across th social sciences - from psychology, economics and geography as well as sociology - to examine the changing character of society and nature.

Environmental Decisions in the Face of Uncertainty

Institute of Medicine,Board on Population Health and Public Health Practice,Committee on Decision Making Under Uncertainty
Environmental Decisions in the Face of Uncertainty Book PDF

Author : Institute of Medicine,Board on Population Health and Public Health Practice,Committee on Decision Making Under Uncertainty
Publisher : National Academies Press
Page : 280 pages
File Size : 51,8 Mb
Release : 2013-05-20
Category : Political Science
ISBN : 9780309290234

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Environmental Decisions in the Face of Uncertainty by Institute of Medicine,Board on Population Health and Public Health Practice,Committee on Decision Making Under Uncertainty Pdf

The U.S. Environmental Protection Agency (EPA) is one of several federal agencies responsible for protecting Americans against significant risks to human health and the environment. As part of that mission, EPA estimates the nature, magnitude, and likelihood of risks to human health and the environment; identifies the potential regulatory actions that will mitigate those risks and protect public health1 and the environment; and uses that information to decide on appropriate regulatory action. Uncertainties, both qualitative and quantitative, in the data and analyses on which these decisions are based enter into the process at each step. As a result, the informed identification and use of the uncertainties inherent in the process is an essential feature of environmental decision making. EPA requested that the Institute of Medicine (IOM) convene a committee to provide guidance to its decision makers and their partners in states and localities on approaches to managing risk in different contexts when uncertainty is present. It also sought guidance on how information on uncertainty should be presented to help risk managers make sound decisions and to increase transparency in its communications with the public about those decisions. Given that its charge is not limited to human health risk assessment and includes broad questions about managing risks and decision making, in this report the committee examines the analysis of uncertainty in those other areas in addition to human health risks. Environmental Decisions in the Face of Uncertainty explains the statement of task and summarizes the findings of the committee.

Perspectives on Uncertainty and Risk

M. B. A. van Asselt
Perspectives on Uncertainty and Risk Book PDF

Author : M. B. A. van Asselt
Publisher : Springer Science & Business Media
Page : 454 pages
File Size : 52,9 Mb
Release : 2000-09-30
Category : Business & Economics
ISBN : 0792366565

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Perspectives on Uncertainty and Risk by M. B. A. van Asselt Pdf

This volume is intended to stimulate a change in the practice of decision support, advocating an interdisciplinary approach centred on both social and natural sciences, both theory and practice. It addresses the issue of analysis and management of uncertainty and risk in decision support corresponding to the aims of Integrated Assessment. A pluralistic method is necessary to account for legitimate plural interpretations of uncertainty and multiple risk perceptions. A wide range of methods and tools is presented to contribute to adequate and effective pluralistic uncertainty management and risk analysis in decision support endeavours. Special attention is given to the development of one such approach, the Pluralistic fRamework for Integrated uncertainty Management and risk Analysis (PRIMA), of which the practical value is explored in the context of the Environmental Outlooks produced by the Dutch Institute for Public Health and Environment (RIVM). Audience: This book will be of interest to researchers and practitioners whose work involves decision support, uncertainty management, risk analysis, environmental planning, and Integrated Assessment.

Uncertainty and the Environment

Richard Young
Uncertainty and the Environment Book PDF

Author : Richard Young
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 44,6 Mb
Release : 2001
Category : Business & Economics
ISBN : UOM:39015054120202

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Uncertainty and the Environment by Richard Young Pdf

After critiquing the use of traditional models such as expected utility in environmental decision-making, Young, a consultant with Arthur Anderson in London, argues for evaluating decision-making models in relation to the rationality of the way decisions are made. He outlines an alternative model of making decisions under uncertainty derived from the work of George Shackle, and applies it to environmental decision making by the government of Belize, the Inter- American Development Bank, the World Bank, and other institutions. Annotation copyrighted by Book News, Inc., Portland, OR

The Economics of Environmental Risk

V. K. Smith
The Economics of Environmental Risk Book PDF

Author : V. K. Smith
Publisher : Edward Elgar Publishing
Page : 393 pages
File Size : 51,7 Mb
Release : 2022-12-13
Category : Business & Economics
ISBN : 9781035301614

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The Economics of Environmental Risk by V. K. Smith Pdf

Featuring real world examples of how risk information affects public choices, The Economics of Environmental Risk expertly demonstrates that policymakers need to consider how people learn about those risks. Offering insights into examples such as hazardous waste, radon, smoking, hurricanes and terrorist threats over the past four decades, this intuitive book illustrates environmental risks and the choices made to mitigate the potential effects.

Risk, Uncertainty and Rational Action

Carlo C. Jaeger,Thomas Webler,Eugene A. Rosa,Ortwin Renn
Risk Uncertainty and Rational Action Book PDF

Author : Carlo C. Jaeger,Thomas Webler,Eugene A. Rosa,Ortwin Renn
Publisher : Routledge
Page : 321 pages
File Size : 48,8 Mb
Release : 2013-11-05
Category : Business & Economics
ISBN : 9781134203024

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Risk, Uncertainty and Rational Action by Carlo C. Jaeger,Thomas Webler,Eugene A. Rosa,Ortwin Renn Pdf

Risk as we now know it is a wholly new phenomenon, the by-product of our ever more complex and powerful technologies. In business, policy making, and in everyday life, it demands a new way of looking at technological and environmental uncertainty. In this definitive volume, four of the world's leading risk researchers present a fundamental critique of the prevailing approaches to understanding and managing risk - the 'rational actor paradigm'. They show how risk studies must incorporate the competing interests, values, and rationalities of those involved and find a balance of trust and acceptable risk. Their work points to a comprehensive and significant new theory of risk and uncertainty and of the decision making process they require. The implications for social, political, and environmental theory and practice are enormous. Winner of the 2000-2002 Outstanding Publication Award of the Section on Environment and Technology of the American Sociological Association

Understanding Risks and Uncertainties in Energy and Climate Policy

Haris Doukas,Alexandros Flamos,Jenny Lieu
Understanding Risks and Uncertainties in Energy and Climate Policy Book PDF

Author : Haris Doukas,Alexandros Flamos,Jenny Lieu
Publisher : Springer
Page : 271 pages
File Size : 52,8 Mb
Release : 2018-12-10
Category : Business & Economics
ISBN : 9783030031527

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Understanding Risks and Uncertainties in Energy and Climate Policy by Haris Doukas,Alexandros Flamos,Jenny Lieu Pdf

This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.

The Climate Casino

William Nordhaus
The Climate Casino Book PDF

Author : William Nordhaus
Publisher : Yale University Press
Page : 1006 pages
File Size : 40,6 Mb
Release : 2013-10-22
Category : Business & Economics
ISBN : 9780300203813

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The Climate Casino by William Nordhaus Pdf

Climate change is profoundly altering our world in ways that pose major risks to human societies and natural systems. We have entered the Climate Casino and are rolling the global-warming dice, warns economist William Nordhaus. But there is still time to turn around and walk back out of the casino, and in this essential book the author explains how.div /DIVdivBringing together all the important issues surrounding the climate debate, Nordhaus describes the science, economics, and politics involved—and the steps necessary to reduce the perils of global warming. Using language accessible to any concerned citizen and taking care to present different points of view fairly, he discusses the problem from start to finish: from the beginning, where warming originates in our personal energy use, to the end, where societies employ regulations or taxes or subsidies to slow the emissions of gases responsible for climate change./DIVdiv /DIVdivNordhaus offers a new analysis of why earlier policies, such as the Kyoto Protocol, failed to slow carbon dioxide emissions, how new approaches can succeed, and which policy tools will most effectively reduce emissions. In short, he clarifies a defining problem of our times and lays out the next critical steps for slowing the trajectory of global warming./DIV

Comparative Risk Assessment and Environmental Decision Making

Igor Linkov,Abou Bakr Ramadan
Comparative Risk Assessment and Environmental Decision Making Book PDF

Author : Igor Linkov,Abou Bakr Ramadan
Publisher : Springer Science & Business Media
Page : 431 pages
File Size : 43,9 Mb
Release : 2006-03-02
Category : Technology & Engineering
ISBN : 9781402022432

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Comparative Risk Assessment and Environmental Decision Making by Igor Linkov,Abou Bakr Ramadan Pdf

Decision making in environmental projects is typically a complex and confusing process characterized by trade-offs between socio-political, environmental, and economic impacts. Comparative Risk Assessment (CRA) is a methodology applied to facilitate decision making when various activities compete for limited resources. CRA has become an increasingly accepted research tool and has helped to characterize environmental profiles and priorities on the regional and national level. CRA may be considered as part of the more general but as yet quite academic field of multi-criteria decision analysis (MCDA). Considerable research in the area of MCDA has made available methods for applying scientific decision theoretical approaches to multi-criteria problems, but its applications, especially in environmental areas, are still limited. The papers show that the use of comparative risk assessment can provide the scientific basis for environmentally sound and cost-efficient policies, strategies, and solutions to our environmental challenges.

The Economics of Risk and Time

Christian Gollier
The Economics of Risk and Time Book PDF

Author : Christian Gollier
Publisher : MIT Press
Page : 492 pages
File Size : 42,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 0262572249

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The Economics of Risk and Time by Christian Gollier Pdf

Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.